Great State Bank Took a Security Interest in Gresham,Inc

question 12

Multiple Choice

Great State Bank took a security interest in Gresham,Inc.'s meat processing equipment.Gresham defaulted on the loan.Which statement is correct?

• A) Great State Bank may take possession of the collateral.
• B) Great State Bank may ignore its rights in the collateral and sue Gresham for the money owed.
• C) Both a and b are courses of action that Great State Bank may follow.
• D) Neither a nor b are courses of action that Great State Bank may follow.

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Definitions:

Otoscope

A medical device used to look into the ears, allowing for the examination of the ear canal and tympanic membrane.

Mensuration

The process of measuring.

Palpation

The method of examining parts of the body by touching and feeling them with the hands to detect signs of disease.

Percussion

In medical examination, percussion involves tapping on a surface to determine the underlying structure's condition, often used to assess the health of thoracic or abdominal organs.